NHPC IPO Subscribed over 3 times on day 1
India`a largest hydel power generator National Hydroelectric Power Corporation (NHPC) IPO, has received an overwhelming response on day 1. It has been over subscribed by 3.54 times on day 1 according to the stock exchanges.
Qualified institutional buyers(QIBs) led the race subscribing by 6 times to the issue. This was followed by retail individual investors and non-institutional investors who subscribed 0.09 times and 0.0062 times respectively. NHPC IPO was fully subscribed within initial minutes of the opening today.A total 5,940,924,150 of bids were received out of which 42,954,275 bids were received at a cut-off price.
The company has fixed a price band at Rs 30- Rs 36 a share. The issue closes on Wednesday, August 12.
Govt to sell 5% stake in NTPC through FPO
NTPC Stake sale is being explored by the Govt according to the FPO plans submitted to Finance Ministry reports CNBC- TV18.
Sources say that the Government is going to sell 5% stake in the company in follow-on public issue, which holds 89.5% stake in NTPC.
Axis Bank IPO / FPO expected soon
Axis Bank IPO / FPO is expected in the next few months according to industry sources. Axis Bank IPO/ FPO is sized roughly around 4000-5000 crores.
In 2007 , Axis bank has raised 4200 crores through an IPO, post the issue it has raised more fund through GDR and ADR subsequently priced at Rs.620 per share.
The bank’s board on Tuesday passed an enabling resolution to raise fresh equity through GDR, qualified institutional placement and preferential issue to promoters. The fresh equity issue could lead to about 10% dilution in the shareholding.
Axis Bank IPO Date , Price , Listing info , Subscription , Allotment status and allocation details , refund , Grey Market trades and analysis will be posted here soon.
Saturday, August 8, 2009
Thursday, July 9, 2009
India continues to be most attractive outsourcing hub
India continues to be most attractive outsourcing hub
Low-cost advantage and availability of skilled workers make India the most attractive outsourcing hub.
Africa a call center alternative to India?
Some US lawmakers and think tanks believe that Africa can be a much cheaper alternative to call centers in India.
Anti-outsourcing sentiments may hit business: WNS
Indian BPO firm WNS Holdings has cautioned that negative public reaction to outsourcing activities in Western nations could adversely affect its business.
German, UK-based biotech cos eye India for outsourcing
As part of the cost-cutting measures to combat global recession, German and UK-based biotech companies plan to outsource more work, transfer technology and tap India’s burgeoning biotechnology market.
US protectionism will be counter-productive: Premji
Wipro founder Azim Premji stressed that US decision to clamp down on H-1B visas for skilled workers would be counter-productive. Cos that receive maximum H1B
Obama 'committed' to immigration reform
Obama outlines reform, saying people should not be allowed to come to US against law and employers must not exploit low-wage labor. Cos that receive max H1B visas
Protectionism would deepen recession: India
Protectionism in any legal format would also subvert the multilateral processes and prolong the present economic recession and further delay turnaround.
Now US pitches for 'Boston-Bangalore' like bilateral ties
US has called for "advanced" linkages similar to the existing ones between "Manhattan and Mumbai or Boston and Bangalore".
PEs play white knights to BPO companies
PE is undoing a part of US President Barack Obama's drive against outsourcing by pushing companies to send their IT and back-office operations to cheaper destinations.
Protectionism, racist attacks to affect Indians' dollar dreams
Protectionism and racial attacks are likely to affect the Indians' overseas job dreams.
Crowdsourcing: Boon or bane for creative organisations?
Crowdsourcing is the practice of opening up a task to the public instead of keeping it in-house or using a contractor.
Eastern Europe finds favour with Indian BPO cos
IT outsourcing market in Romania, Poland & Bulgaria is in the range of $250-450 mn, which allows Indian BPOs to have smaller centres with niche skills.
US firms lobby against Obama's 'Bangalore Buffalo' rhetoric
American companies have launched a campaign against the new law that ends tax incentives to those firms which create jobs overseas.
Outsourcers go speed dating to sign deals
Some of the big offshoring players are now relying on ‘speed dating’ — a quicker and cheaper channel for selecting the vendor for their back-office and IT outsourcing needs.
8 Indian cities among world's 25 riskiest offshoring locations
A study has named 8 Indian cities among the world's 25 riskiest places for offshoring on concerns like terrorism, pollution and geopolitical issues. India-centric BPOs
Low-cost advantage and availability of skilled workers make India the most attractive outsourcing hub.
Africa a call center alternative to India?
Some US lawmakers and think tanks believe that Africa can be a much cheaper alternative to call centers in India.
Anti-outsourcing sentiments may hit business: WNS
Indian BPO firm WNS Holdings has cautioned that negative public reaction to outsourcing activities in Western nations could adversely affect its business.
German, UK-based biotech cos eye India for outsourcing
As part of the cost-cutting measures to combat global recession, German and UK-based biotech companies plan to outsource more work, transfer technology and tap India’s burgeoning biotechnology market.
US protectionism will be counter-productive: Premji
Wipro founder Azim Premji stressed that US decision to clamp down on H-1B visas for skilled workers would be counter-productive. Cos that receive maximum H1B
Obama 'committed' to immigration reform
Obama outlines reform, saying people should not be allowed to come to US against law and employers must not exploit low-wage labor. Cos that receive max H1B visas
Protectionism would deepen recession: India
Protectionism in any legal format would also subvert the multilateral processes and prolong the present economic recession and further delay turnaround.
Now US pitches for 'Boston-Bangalore' like bilateral ties
US has called for "advanced" linkages similar to the existing ones between "Manhattan and Mumbai or Boston and Bangalore".
PEs play white knights to BPO companies
PE is undoing a part of US President Barack Obama's drive against outsourcing by pushing companies to send their IT and back-office operations to cheaper destinations.
Protectionism, racist attacks to affect Indians' dollar dreams
Protectionism and racial attacks are likely to affect the Indians' overseas job dreams.
Crowdsourcing: Boon or bane for creative organisations?
Crowdsourcing is the practice of opening up a task to the public instead of keeping it in-house or using a contractor.
Eastern Europe finds favour with Indian BPO cos
IT outsourcing market in Romania, Poland & Bulgaria is in the range of $250-450 mn, which allows Indian BPOs to have smaller centres with niche skills.
US firms lobby against Obama's 'Bangalore Buffalo' rhetoric
American companies have launched a campaign against the new law that ends tax incentives to those firms which create jobs overseas.
Outsourcers go speed dating to sign deals
Some of the big offshoring players are now relying on ‘speed dating’ — a quicker and cheaper channel for selecting the vendor for their back-office and IT outsourcing needs.
8 Indian cities among world's 25 riskiest offshoring locations
A study has named 8 Indian cities among the world's 25 riskiest places for offshoring on concerns like terrorism, pollution and geopolitical issues. India-centric BPOs
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